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Ford’s February auto sales jump 22% from subdued 2022 results

Ford Motor Co., CEO Jim Farley offers the thumbs up signal earlier than asserting Ford Motor will accomplice with Chinese language-based, Amperex Know-how, to construct an all-electric car battery plant in Marshall, Michigan, throughout a press convention in Romulus, Michigan February 13, 2023.

Rebecca Cook dinner | Reuters

DETROIT – Ford Motor’s February gross sales elevated by greater than 20% from subdued outcomes a 12 months earlier, because the automaker ratchets up manufacturing of its F-Sequence pickups and electrical autos.

The Detroit automaker Thursday reported February gross sales of 157,606 autos, up 22% from a 12 months earlier and a 7.7% improve from January. Ford’s gross sales had been hampered by provide chain issues in February 2022 making for certainly one of its worst months since 2021.

Gross sales of Ford’s F-Sequence pickups elevated 22% final month in comparison with a 12 months earlier, rising to about 55,000 items, together with 3,600 items of its electrical F-150 Lightning. To this point this 12 months, gross sales of F-Sequence pickups are up 15%.

Ford’s electrical car gross sales proceed to extend, up 88% from a 12 months earlier. Nevertheless, EV gross sales nonetheless solely symbolize 2.9% of the automaker’s gross sales by February.

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